News in Brief
IsDB and IFRC in Discussions to Issue a Sukuk to Support Fund to end choleraJeddah - The Islamic Development Bank (IsDB) and the International Federation of Red Cross and Red…
Sharjah Islamic Bank Returns to Market With Debut Benchmark ATI Capital Boosting Mudaraba Sukuk With Lowest Yield in the Region since 2015
Sharjah Islamic Bank (SIB) returned to the market with its latest benchmark Sukuk issuance in the international market at the end of June 2019. The US$500 million 5.00% Perpetual Mudaraba…
Saudi DMO Maintains Domestic Sovereign Sukuk Issuance Momentum with Sixth Consecutive Offering as FH2019 Offerings Surge to US$11 billion
The Debt Management Office (DMO) of the Saudi Ministry of Finance continued its on-going monthly domestic sovereign Sukuk issuance in June with a three-tranche riyal-denominated offering totaling SR2,744 million (US$730…
Murabaha Syndications and Transactions Proliferate with SR12.133 Billion of Deals in Saudi Arabia in June 2019 Alone
Murabaha syndications and transactions flourished during June 2019 with a spate of deals concluded in Saudi Arabia, Malaysia, Turkey and the UAE. The funds raised were used to finance a…
Bank Negara Malaysia Sustainability Initiatives and HSBC Amanah Pioneers Latest ESG Investment Note
In an important new initiative, Bank Negara Malaysia (BNM) has introduced mandatory testing and disclosure of sustainability of coverage for investment-linked products (sustainability test) by insurers and Takaful operators, effective…
Beleagured Turkish Treasury Persists with Spate of Ijarah and Gold-Backed Leasing Sukuk to Ease Liquidity Requirements Despite Ratings Downgrade
The Turkish Ministry of Treasury & Finance continues to tap the domestic and international markets with issuances of lease certificates (Sukuk Ijarah) to fund government budgetary requirements as part of…
2nd Business Excellence Awards Gala Dinner organised by British Malaysian Chamber of Commerce – 20th June 2019
The 2nd Business Excellence Awards Gala Dinner organised by BMCC was held on 20th June 2019 at St. Regis hotel Kuala Lumpur. More than 500 guests attended the event including…
Women in Islamic Business and Finance Womani Awards 2019 – 17th June 2019
The women in Islamic Business and Finance WOMANi Awards 2019 took place in Dubai on 17th June 2019, with Cassim Docrat, Regional Director for DDCAP (DIFC) representing the DDCAP Group…
RETHINKING FINANCE, ENDING CHOLERA – 17th June 2019
Stella Cox CBE chaired the panel discussion entitled ‘Getting blended finance models right’ which took place at an event hosted at White and Case London on 17th June 2019.This followed…
IIFM Awareness Seminar on Islamic Finance – 12th June 2019
Lawrence Oliver, Director, Deputy CEO was delighted to be invited to moderate a session on Digitization of Financial Documentation and Products at the IIFM Awareness Seminar on Islamic Finance held…